AB-2025-04315 - AUDIT OF THE CANADA COMMUNITY-BUILDING FUND FINANCIAL REPORT

The Canada Community-Building Fund (CCBF) is a federal program that provides predictable, long-term, stable funding for local governments. In Alberta, the delivery of the CCBF is governed through an agreement between Canada and Alberta, and through agreements between Alberta and each eligible local government. One of the reporting requirements under the current CCBF agreement between Canada and Alberta specifies that Alberta must submit to Canada an Annual Report Financial Table (ARFT), which includes information on funding received from Canada, transferred to local governments, and spent by local governments on eligible projects. The ARFT submission to Canada must be supported with an independent audit opinion: The Province requires a total of three audit letters that provide an opinion by the auditor(s) as to whether the financial information contained in the ARFT is accurate and that the CCBF funding information is consistent with the ARFT submission. The audit letters must be prepared annually in 2025, 2026, and 2027. The letter prepared in 2025 must provide an audit opinion for the 2023 and 2024 CCBF program years, the audit letter prepared in 2026 must provide an audit opinion for the 2025 CCBF program year, and the audit letter prepared in 2027 must provide an audit opinion for the 2026 CCBF program year.